Following is the balance sheet for 3M Company. At December 31 2015 2014 Cash and cash equivalents $ 1,798 $ 1,897 Marketable securities-current 118 1,439 Accounts receivable, net 4,154 4,238 Inventories 3,518 3,706 Other current assets 1,398 1,023 Total current assets 10,986 12,303 Marketable securities-noncurrent 126 117 Property, plant and equipment--net 8,515 8,489 Goodwill 9,249 7,050 Intangible assets-net 2,601 1,435 Prepaid pension benefits 188 46 1,053 $32,718 1,769 $31,209 Other assets Total assets $ $ Short-term debt & current portion of LT debt Accounts payable 2,044 106 1,694 1,807 Accrued payroll 644 732 Accrued income taxes 332 435 Other current liabilities 2,404 2,884 Total current liabilities 7,118 5,964 Long-term debt 8,753 6,705 Pension and postretirement benefits 3,520 3,843 Other liabilities 1,580 1,555 Total liabilities 20,971 18,067 3M Company shareholders' equity: Common stock 9. Additional paid-in capital Retained earnings 4,791 4,379 36,575 34,317 Treasury stock Accumulated other comprehensive loss (23,308) (19,307) (6,359) (6,289) Total 3M Company shareholders' equity Noncontrolling interest Total equity 11,708 13,109 39 33 11.747 13,142 Total liabilities and equity $32,718 $31,209 Continued next page Cambridge Business Publishe actice Quiz, Module 4 Identify and compute its fiscal year-end 2015 net operating assets. a. $24,077 million b. $20,502 million $ 4,334 million d. $14,205 million С.

The financial statements of Clearwater Furniture Company include the following items: Cash OA. 0.12 OB. 0.27 OC. 0.21 Short-term Investments Net Accounts Receivable Merchandise Inventory Total Assets Total Current Liabilities Long term Note Payable 2017 $63,500 28,000 94,000 157,000 531,000 234,000 62,000 2016 $51,000 17,000 106,000 143,000 544,000 217,000 52,000 Using the following formula, what is 2017 cash ratio? (Round your answer to two decimal places.). FORMULA: Cash ratio (Cash + Cash equivalents)/Total current liabilities

Information for questions 12 and 13 The following are extracts from the financial statements of a company for the two years ended 31 December 2016 and 2017. Statement of financial position as at 31 December Inventory Trade receivables Cash and bank balances Bank overdraft Trade payables 2016 £000 590 275 25 200 1,218 1,536 2017 £000 465 425 76 450 710 2,728 Non-Current assets Non-Current liabilities 0 300 Issued £1 Ordinary Shares 5,000 5,500 The income statement for the year ended 31 December 2017 shows an operating profit of c) £1,265,000 d) £1,815,000 £1,500,000 after charging depreciation of £600,000 and a profit on disposal of a non-current asset of £52,000. Q12. The change in the company's cash and cash equivalents for the year ended 31 December 2017 was: a) Outflow £199,000 b) Inflow £1 16,000 c) Outflow £89,000 d) Inflow £51,000 Q13. The cash flow from operations of the company for the year ended 31 December 2017 was: a) £1,515,000 b) £1,619,000

How do I determine the NNO for 2014?   Dec. 31, 2016 Dec. 31, 2015 Dec. 31, 2014 Operating Assets 1,447,869 1,513,139   Operating liabilities 1,094,173 1,158,007   Net operating assets (NOA) 353,696 355,132  $                             397,299.00 NNO  $                    490,548  $                      473,323   Equity  $                    844,244  $                      828,455  $                             726,328.00 NOA= NNO + Equity  $                1,334,792  $                   1,301,778

Use the information below for Harding Company to answer the question that follow. Harding Company Accounts payable $35,479 Accounts receivable 69,658 Accrued liabilities 6,342 Cash 21,866 Intangible assets 40,636 Inventory 81,299 Long-term investments 116,464 Long-term liabilities 78,760 Marketable securities 34,728 Notes payable (short-term) 21,173 Property, plant, and equipment 607,986 Prepaid expenses 2,827 Based on the data for Harding Company, what is the amount of quick assets? a.$56,594 b.$126,252 c.$1,510,965 d.$745,879

The asset side of the 2017 balance sheet for the Corporation is below. The company reported total revenues of $37,728 million in 2017 and $37,047 million in 2016.      in millions May 31, 2017 May 31, 2016 Current assets:     Cash and cash equivalents $ 21,784 $ 20,152 Marketable securities 44,294 35,973 Trade receivables, net of allowances for doubtful accounts of $319 and $327 as of May 31, 2017 and May 31, 2016, respectively 5,300 5,385 Inventories 300 212 Prepaid expenses and other current assets 2,837 2,591 Total current assets 74,515 64,313 Non-current assets:     Property, plant and equipment, net 5,315 4,000 Intangible assets, net 7,679 4,943 Goodwill, net 43,045 34,590 Deferred tax assets 1,143 1,291 Other assets 3,294 3,043 Total non-current assets 60,476 47,867 Total assets $134,991 $112,180   How do I figure what the company’s gross amount…

Assets Line Item Description Amount Cash and short-term investments $42,572  Accounts receivable (net) 33,774  Inventory 37,691  Property, plant, and equipment 215,705  Total assets $329,742  Liabilities and Stockholders’ Equity Line Item Description Amount Current liabilities $68,960  Long-term liabilities 98,919  Common stock, $10 par 64,740  Retained earnings 97,123  Total liabilities and stockholders’ equity $329,742  Income Statement Line Item Description Amount Sales $91,805  Cost of goods sold (41,312) Gross profit $50,493  Operating expenses (28,002) Net income $22,491  Number of shares of common stock 6,474  Market price of common stock $28  What is the current ratio?

The following are taken from the financial statements of Curry Company as of December 2021. Assets: Cash 341,600 Account Receivable 200,000 Inventory 308,400 Property, Plant, Equipment 500,000 Liabilities: Notes payable 280,000 Accounts Payable 781,700 Bonds payable 2,000,000 6. What is the company's current ratio? a. 0.80 b. 0.51 c. 0.21 d. 3.03 7. What is the company's quick ratio? a. 0.51 b. 0.80 c. 1.93 d. 0.32

ABCD Corp Balance Sheet and Income Statement for the period as at December 31, 2014   Balance Sheet Assets    RM Cash   72,000 Accounts receivable  439,000 Inventories  894,000 Total current assets1,405,000 Fixed Assets   431,000 Total Assets1,836,000   Liabilities Accounts and Notes payable  432,000 Accruals  170,000 Total Current Liabilities  602,000 Long term debt  404,290 Common stock  575,000 Retained Earnings  254,710 Total Liabilities & Equity1,836,000   Income Statement   Sales 4,290,000 Cost of goods sold 3,580,000 Selling, general, and administrative expenses   370,320 Depreciation   159,000 Earnings before taxes (EBT)   180,680 Taxes (40%)     72,272 Net Income   108,408   Per Share Data EPS RM4.71
Cash dividends per share RM0.95 P/E ratio 5 x Market Price (average) RM23.57 Number of Shares Outstanding 23,000   INDUSTRY FINANCIAL RATIO   1. Quick ratio 1.0x 2. Current ratio 2.7x 3. Inventory turnover 7.0x 4. Days sales outstanding 32 days 5. Fixed asset turnover 13.0x 6.…

The current assets and current liabilities sections of the balance sheet of Sunland Co. appear as follows. Sunland Co.Balance Sheet (Partial)As of December 31, 2017 Cash       $ 17,900   Accounts payable   $ 29,500 Accounts receivable   $ 39,600       Notes payable   15,400     Less: Allowance for doubtful accounts   3,200   36,400   Unearned revenue   3,800 Inventory       61,100   Total current liabilities   $ 48,700 Prepaid expenses       7,400         Total current assets       $ 122,800         The following errors in the corporation’s accounting have been discovered: 1.   Keane collected $ 5,200 on December 20, 2017 as a down payment for services to be performed in January, 2018. The company’s controller recorded the amount as revenue. 2.   The inventory amount reported included $ 2,300 of merchandise that had been received on December 31, 2017 but for which no purchase invoices had been received or entered. Of this amount, $ 1,600 had been received on…